# Woodbridge to sell 49% stake in Proseat JV to Recticel

Canada-based Woodbridge has signed an agreement to sell its 49% stake in Proseat, its European joint venture, to partner Recticel S.A.

- Type: Acquisition
- Announced: 2018-12-20
- Where: Mörfelden, Germany (headquarters); manufacturing sites in Czech Republic, France, Germany, Poland, Spain, UK, Germany
- Status: announced
- Products: automotive seating components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [The Woodbridge Group](https://endata.com/companies/26252.md)
- [Recticel](https://endata.com/companies/36323.md) (acquirer)
- [Proseat](https://endata.com/companies/36324.md) (target)
- [Woodbridge Foam Corporation](https://endata.com/companies/36636.md) (partner)
- [Sekisui Plastics](https://endata.com/companies/36637.md) (acquirer)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5247883/woodbridge-to-sell-49-stake-in-proseat-jv-to-recticel), 2018-12-20: "Canada-based Woodbridge has signed an agreement to sell its 49% stake in Proseat, its European joint venture (JV), to its partner Recticel S.A"
- [everchem.com](https://everchem.com/recticel-ma-activity-2/), 2019-01-11: "The new joint venture between Sekisui (75 %) and Recticel (25 %) will allow Proseat to further expand its customer base and its product portfolio."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.